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Sunrun Announces Date and Conference Call Details for Third Quarter 2022 Earnings Report

Earnings Release and Conference Call Scheduled for November 2, 2022

SAN FRANCISCO, Sept. 27, 2022 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN) today announced that it will issue its third quarter 2022 earnings report after the market closes on Wednesday, November 2, 2022.

A conference call has been scheduled to discuss these earnings results at 1:30 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month.

About Sunrun                  

Sunrun Inc. (Nasdaq: RUN) is the nation’s leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun’s innovative home battery solution brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources. For more information, please visit www.sunrun.com.

Investor & Analyst Contact:

Patrick Jobin
SVP, Finance & IR
[email protected]

Media Contact:

Wyatt Semanek
Public Relations Manager
[email protected]



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NETSOL Technologies Reports Fiscal Fourth Quarter and Full Year 2022 Financial Results

  • Total net revenues increase 4.2% to $57.2 million in FY 2022
  • Annual recurring revenue (SaaS and Support) increased to $28.3 million, up by 27.6%

CALABASAS, Calif., Sept. 27, 2022 (GLOBE NEWSWIRE) — NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, reported results for the fiscal fourth quarter and full year ended June 30, 2022.

Fiscal Fourth Quarter 2022
and Recent Operational Highlights

  • NETSOL signed a contract with a notable Swedish bank to implement NFS Ascent® in Sweden, Norway, Denmark and Finland with an estimated value of $5 million over the five-year contract period.
  • NETSOL was awarded a contract by the Government of Khyber Pakhtunkhwa under the World Bank Funded “Khyber Pakhtunkhwa Revenue Mobilization and Public Resource Management Program” to provide a document management system. The contract is valued at approximately $2.2 million.
  • We successfully went live with our cloud-based NFS Ascent® Retail Platform for a bank in the United Kingdom. The Retail Platform constitutes both NFS Ascent® Omni Point of Sale and NFS Ascent® Contract Management System. This contract will provide additional subscription fees of approximately $1 million over the coming 5 years.
  • We went live with NFS Ascent® and NFS Ascent® Digital in New Zealand for a leading Japanese equipment manufacturer and in addition signed a statement of work which will generate approximately $1 million.
  • We onboarded another 7 dealers of a leading German Auto Manufacturer in the U.S. on our digital retailing solution OtozTM bringing the total to 24 at June 30, 2022.

Fiscal Fourth
Quarter 2022
Financial Results

Total net revenues for the fourth quarter of fiscal 2022 were $13.5 million, compared with $15.4 million in the prior year period. The decrease in total net revenues was primarily driven by decreases in license revenue of $0.6 million and services revenue of $1.7 million, offset by an increase in subscription and support revenue of $0.5 million.

  • Total license fees were $0.95 million, compared with $1.5 million in the prior year period.
  • Total subscription (SaaS and Cloud) and support revenues were $6.1 million, compared with $5.6 million in the prior year period.
  • Total services revenues were $6.5 million, compared with $8.2 million in the prior year period.

Gross profit for the fourth quarter of fiscal 2022 was $4.8 million (or 36% of net revenues), compared to $7.5 million (or 49% of net revenues) in the fourth quarter of fiscal 2021. The decrease in gross profit was primarily due to a decrease in revenues of $1.8 million and an increase in cost of sales of $0.9 million driven by increases in salaries and consulting costs of $0.7 million.

Operating expenses for the fourth quarter of fiscal 2022 were $6.4 million (or 47% of sales), compared to $6.4 million (or 41% of sales) for the fourth quarter of fiscal 2021. Operating expenses remained flat as the increase in research and development costs of $0.3 million was offset by the decrease in salaries and wages of $0.3 million.

GAAP net loss attributable to NETSOL for the fourth quarter of fiscal 2022 totaled $2.2 million or $0.19 per diluted share, compared with GAAP net income of $1.9 million or $0.17 per diluted share in the fourth quarter of fiscal 2021.

Non-GAAP adjusted EBITDA for the fourth quarter of fiscal 2022 totaled $(1.4) million or $0.12 per diluted share, compared with non-GAAP adjusted EBITDA of $2.9 million or $0.26 per diluted share in the fourth quarter of fiscal 2021 (see note regarding “Use of Non-GAAP Financial Measures,” below for further discussion of this non-GAAP measure).

At June 30, 2022, cash and cash equivalents were $24 million, a decrease from $33.7 million at June 30, 2021.

Management Commentary

“We returned to revenue growth for fiscal 2022 increasing 4.2% after two years of revenue decline in fiscal years 2020 and 2021,” said NETSOL Co-Founder, Chairman and Chief Executive Officer Najeeb Ghauri. “We believe we have robust traction in the current pipeline for fiscal 2023 as we aim for double digit revenue growth. Our pipeline in the North American market is healthy and strong. We are working on potential projects for both multinational and US based major Tier 1 captive finance companies. Our Flagship NFS Ascent offering is in a strong position as we are gaining momentum both for SaaS and license offerings. Additionally, we have a robust pipeline in the European markets as our team in the UK are working diligently to secure new customers in the retail sector. We have also signed up a few more Otoz digital platforms through MINI Anywhere across the US to a total of 30 dealerships to date.”

Company CFO Roger Almond added: “Our subscription and support segment were a key growth driver during the year. As our workforce continues to return to the office across our global footprint, we expect growth will accelerate in the quarters ahead, which will require a related increase in expenses to support our increased business activity moving forward. Our cash position remains strong, providing the resources to support our core business growth as well as strategic investments in high-return, long-term opportunities, such as the promising work of the Otoz Innovation Lab.”

Conference Call

NETSOL Technologies management will hold a conference call today (September 27, 2022) at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss these financial results. A question-and-answer session will follow management’s presentation.

U.S. Dial-In: 877-407-0789
International Dial-In: 201-689-8562

Please call the conference telephone number 10 minutes prior to the start time. An operator will register your name and organization.

The conference call will be webcast live and available for replay here and via the Investor Relations section of NETSOL’s website.

For interested individuals unable to join the conference call, a dial-in replay of the call will be available until October 11, 2022.

Toll-free replay number: 844-512-2921
International replay number: 412-317-6671
Replay ID: 13732869

About NETSOL Technologies

NETSOL Technologies, Inc. (Nasdaq: NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and finance industry. The Company’s suite of applications is backed by 40 years of domain expertise and supported by a committed team of more than 1750 professionals placed in eight strategically located support and delivery centers throughout the world. NFS, LeasePak, LeaseSoft or NFS Ascent® – help companies transform their Finance and Leasing operations, providing a fully automated asset-based finance solution covering the complete finance and leasing lifecycle.

About Otoz

Otoz, a division of NETSOL Technologies Inc. (Nasdaq: NTWK), provides business-to-business, white-label technology solutions for new mobility. The Otoz suite of agile and customizable mobility solutions ranges from car sharing and subscription products to AI-enabled chatbots, allowing businesses to engage consumers and facilitate the complete transaction lifecycle intelligently and digitally. Otoz technologies empower automotive companies and start-ups to launch digital retailing and new mobility models quickly and efficiently. The technology Otoz has developed is cloud-native and supported by artificial intelligence (AI), machine learning (ML), internet of things (IoT) and blockchain. Otoz technology drives utilization, while supporting robust and efficient operations.

Forward-Looking Statements

This press release may contain forward-looking statements relating to the development of the Company’s products and services and future operating results, including statements regarding the Company that are subject to certain risks and uncertainties such as the effect of disparate stay at home orders and social distancing requirements imposed internationally by COVID-19 and its resultant impact on our financials and the world economy that could cause actual results to differ materially from those projected. The words “expects,” “anticipates,” variations of such words, and similar expressions, identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company’s actual results include the progress and costs of the development of products and services and the timing of the market acceptance, as well as the delay in recovery or a prolonged economic downturn that effects our Company, our customers and the world economy. The subject Companies expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

Use of Non-GAAP Financial Measures

The reconciliation of Adjusted EBITDA to net income, the most comparable financial measure based upon GAAP, as well as a further explanation of adjusted EBITDA, is included in the financial tables in Schedule 4 of this press release.

Investor Relations Contact:

NetSol Technologies Investor Relations
818-222-9195

[email protected]



NETSOL Technologies, Inc. and Subsidiaries

Schedule 1: Consolidated Balance Sheets

   As of   As of
ASSETS


 		June 30, 2022   June 30, 2021
Current assets:      
Cash and cash equivalents $ 23,963,797     $ 33,705,154  
Accounts receivable, net of allowance of $156,846 and $166,231   8,669,202       4,184,096  
Revenues in excess of billings, net of allowance of $136,839 and $136,976   14,571,776       14,680,131  
Other current assets, net of allowance of $1,243,633 and $1,243,633   2,223,361       3,009,393  
Total current assets   49,428,136       55,578,774  
Revenues in excess of billings, net – long term   853,601       957,603  
Convertible note receivable – related party, net of allowance of $4,250,000 and $4,250,000   –       –  
Property and equipment, net   9,382,624       12,091,812  
Right of use of assets – operating leases   969,163       1,345,869  
Long term investment   1,059,368       3,155,852  
Other assets   25,546       55,127  
Intangible assets, net   1,587,670       3,904,656  
Goodwill   9,302,524       9,516,568  
Total assets $ 72,608,632     $ 86,606,261  
       
LIABILITIES AND STOCKHOLDERS’ EQUITY      
Current liabilities:      
Accounts payable and accrued expenses $ 6,813,541     $ 6,696,035  
Current portion of loans and obligations under finance leases   8,567,145       11,366,171  
Current portion of operating lease obligations   548,678       857,729  
Unearned revenue   4,901,562       4,556,626  
Total current liabilities   20,830,926       23,476,561  
Loans and obligations under finance leases; less current maturities   476,223       699,841  
Operating lease obligations; less current maturities   447,260       564,257  
Total liabilities   21,754,409       24,740,659  
Commitments and contingencies      
Stockholders’ equity:      
Preferred stock, $.01 par value; 500,000 shares authorized;   –       –  
Common stock, $.01 par value; 14,500,000 shares authorized;      
12,196,570 shares issued and 11,257,539 outstanding as of June 30, 2022 and      
12,181,585 shares issued and 11,265,064 outstanding as of June 30, 2021   121,966       121,816  
Additional paid-in-capital   128,181,844       129,018,826  
Treasury stock (at cost, 939,031 shares and 916,521 shares       
as of June 30, 2022 and June 30, 2021, respectively)    (3,920,856 )     (3,820,750 )
Accumulated deficit   (39,652,438 )     (38,801,282 )
Other comprehensive loss   (39,363,085 )     (31,868,481 )
Total NetSol stockholders’ equity   45,367,431       54,650,129  
Non-controlling interest   5,486,792       7,215,473  
Total stockholders’ equity   50,854,223       61,865,602  
Total liabilities and stockholders’ equity $ 72,608,632     $ 86,606,261  



NETSOL Technologies, Inc. and Subsidiaries

Schedule 2: Consolidated Statement of Operations

  For the Years
  Ended June 30,
   2022    2021
Net Revenues:      
License fees $ 4,539,260     $ 6,249,924  
Subscription and support   28,284,759       22,173,745  
Services   24,423,960       26,448,171  
Services – related party   –       48,775  
Total net revenues   57,247,979       54,920,615  
       
Cost of revenues:      
Salaries and consultants   24,528,155       20,969,298  
Travel   1,036,623       663,403  
Depreciation and amortization   2,949,093       2,990,689  
Other   4,996,934       3,944,197  
Total cost of revenues   33,510,805       28,567,587  
       
Gross profit   23,737,174       26,353,028  
       
Operating expenses:      
Selling and marketing   7,220,022       6,555,004  
Depreciation and amortization   863,180       965,625  
General and administrative   15,390,141       15,437,382  
Research and development cost   1,342,154       674,168  
Total operating expenses   24,815,497       23,632,179  
       
Income (loss) from operations   (1,078,323 )     2,720,849  
       
Other income and (expenses)      
Loss on sale of assets   (205,288 )     (191,935 )
Interest expense   (369,801 )     (394,289 )
Interest income   1,655,883       1,017,432  
Gain (loss) on foreign currency exchange transactions   4,327,590       (597,433 )
Share of net loss from equity investment   (2,021,480 )     (253,819 )
Other income (expense)   (218,840 )     987,444  
Total other income (expenses)   3,168,064       567,400  
       
Net income before income taxes   2,089,741       3,288,249  
Income tax provision   (988,938 )     (1,026,617 )
Net income   1,100,803       2,261,632  
Non-controlling interest   (1,951,959 )     (483,375 )
Net income (loss) attributable to NetSol $ (851,156 )   $ 1,778,257  
       
       
       
Net income (loss) per share:      
Net income (loss) per common share      
Basic $ (0.08 )   $ 0.15  
Diluted $ (0.08 )   $ 0.15  
       
Weighted average number of shares outstanding      
Basic   11,250,219       11,499,983  
Diluted   11,250,219       11,499,983  



NETSOL Technologies, Inc. and Subsidiaries

Schedule 3: Consolidated Statement of Cash Flows

   For the Years 
   Ended June 30,
  2022   2021
Cash flows from operating activities:          
Net income $        1,100,803     $          2,261,632  
Adjustments to reconcile net income to net cash provided by operating activities:           
Depreciation and amortization          3,812,273                3,956,314  
Provision for bad debts               23,388                 (332,325 )
Goodwill impairment             214,044                               –  
Share of net loss from investment under equity method          2,021,480                   253,819  
Loss on sale of assets             205,288                   191,935  
Gain on forgiveness of loan                         –                 (469,721 )
Stock based compensation             104,347                   342,153  
Changes in operating assets and liabilities:          
Accounts receivable        (5,669,262 )              6,861,454  
Revenues in excess of billing        (1,273,693 )              2,839,709  
Other current assets             469,194                 (857,708 )
Accounts payable and accrued expenses          1,121,308                   474,098  
Unearned revenue             931,452                   204,563  
Net cash provided by operating activities          3,060,622              15,725,923  
           
Cash flows from investing activities:          
Purchases of property and equipment        (2,609,205 )            (2,551,283 )
Sales of property and equipment             349,058                   188,233  
Investment in associates                         –                 (155,500 )
Net cash used in investing activities        (2,260,147 )            (2,518,550 )
           
Cash flows from financing activities:          
Purchase of treasury stock           (100,106 )            (2,364,781 )
Purchase of subsidiary treasury stock           (950,352 )                             –  
Proceeds from bank loans             941,841                1,898,013  
Payments on finance lease obligations and loans – net        (1,270,104 )               (698,797 )
Net cash used in financing activities        (1,378,721 )            (1,165,565 )
Effect of exchange rate changes        (9,163,111 )              1,496,516  
Net increase (decrease) in cash and cash equivalents        (9,741,357 )            13,538,324  
Cash and cash equivalents at beginning of the period        33,705,154              20,166,830  
Cash and cash equivalents at end of period $      23,963,797     $        33,705,154  



NETSOL Technologies, Inc. and Subsidiaries

Schedule 4: Reconciliation to GAAP

  For the Year Ended   For the Year Ended
  June 30, 2022   June 30, 2021
       
Net Income (loss) attributable to NetSol $ (851,156 )   $ 1,778,257  
Non-controlling interest   1,951,959       483,375  
Income taxes   988,938       1,026,617  
Depreciation and amortization   3,812,273       3,956,314  
Interest expense   369,801       394,289  
Interest (income)   (1,655,883 )     (1,017,432 )
EBITDA $ 4,615,932     $ 6,621,420  
Add back:      
Non-cash stock-based compensation   104,347       342,153  
Adjusted EBITDA, gross $ 4,720,279     $ 6,963,573  
Less non-controlling interest (a)   (2,903,457 )     (1,588,701 )
Adjusted EBITDA, net $ 1,816,822     $ 5,374,872  
       
       
Weighted Average number of shares outstanding      
Basic   11,250,219       11,499,983  
Diluted   11,250,219       11,499,983  
       
Basic adjusted EBITDA $ 0.16     $ 0.47  
Diluted adjusted EBITDA $ 0.16     $ 0.47  
       
       
(a)The reconciliation of adjusted EBITDA of non-controlling interest      
to net income attributable to non-controlling interest is as follows      
       
Net Income (loss) attributable to non-controlling interest $ 1,951,959     $ 483,375  
Income Taxes   258,468       147,688  
Depreciation and amortization   1,096,709       1,115,734  
Interest expense   109,361       121,740  
Interest (income)   (526,567 )     (319,674 )
EBITDA $ 2,889,930     $ 1,548,863  
Add back:      
Non-cash stock-based compensation   13,527       39,838  
Adjusted EBITDA of non-controlling interest $ 2,903,457     $ 1,588,701  
       



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Wave Life Sciences to Present at Chardan’s 6th Annual Genetic Medicines Conference

CAMBRIDGE, Mass., Sept. 27, 2022 (GLOBE NEWSWIRE) — Wave Life Sciences Ltd. (Nasdaq: WVE), a clinical-stage genetic medicines company committed to delivering life-changing treatments for people battling devastating diseases, announced today that Paul Bolno, MD, MBA, President and Chief Executive Officer, is scheduled to participate in an analyst-led fireside chat at the Chardan’s 6th Annual Genetic Medicines Conference in New York City on Tuesday, October 4, 2022, at 3:15 p.m. ET.

A live webcast of the presentation will be available on the Investor Relations page of the Wave Life Sciences corporate website at http://ir.wavelifesciences.com. A replay of the presentation will be archived and available at that site for a limited time following the event.

About Wave Life Sciences

Wave Life Sciences (Nasdaq: WVE) is a clinical-stage genetic medicines company committed to delivering life-changing treatments for people battling devastating diseases. Wave aspires to develop best-in-class medicines across multiple therapeutic modalities using PRISM, the company’s proprietary discovery and drug development platform that enables the precise design, optimization, and production of stereopure oligonucleotides. Driven by a resolute sense of urgency, the Wave team is targeting a broad range of genetically defined diseases so that patients and families may realize a brighter future. To find out more, please visit www.wavelifesciences.com and follow Wave on Twitter @WaveLifeSci.

Investor Contact:

Kate Rausch
617-949-4827
[email protected] 

Media Contact:

Alicia Suter
617-949-4817
[email protected]



Posted on

KULR Secures First Order From Fortune 500 Commercial Aviation Customer for Battery Development of eVTOL Aircraft

KULR’s Holistic Suite of Products and Services Proves to Be Fundamental in Testing and Evaluation of Customer’s New eVTOL Aircraft

SAN DIEGO, Sept. 27, 2022 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading developer of next-generation lithium-ion (“Li-ion”) battery safety and thermal management technologies, has received an order from a leading Fortune 500 commercial aviation company for its holistic suite of safe battery products and services.

The aviation customer has enlisted KULR to provide its suite of battery design and safety solutions in the development of its new electric vertical takeoff and landing (“eVTOL”) aircraft. KULR expects this order to be the first of several from the customer, as the implementation of KULR’s products and services will be fundamental in the testing and evaluation of the customer’s battery-powered aircraft design.

“Our engagement with this top-tier commercial aviation company underscores the value KULR brings to our partners in the fast-growing e-mobility industry,” said Michael Mo, KULR’s CEO. “KULR’s holistic set of services and products for safe battery design facilitates faster certification for customers in the electric aviation and eVTOL space.”

As the advanced air mobility (AAM) market continues to rapidly expand, KULR’s holistic suite of solutions will play a critical role in enabling industry leaders to accelerate electrification. According to McKinsey, the leading companies in the passenger AAM industry are projected to have larger fleets of around 1,000 aircrafts, offering more flights per day than the world’s largest airlines by 2030. Similarly, Acumen Research and Consulting reports that “the global eVTOL market size accounted for USD 6,937 Million in 2021 and is estimated to achieve a market size of USD 30,519 Million by 2030 growing at a CAGR of 18.3 percent from 2022 to 2030.”

KULR’s holistic suite of battery safety and thermal energy management products and services include: Passive Propagation Resistant (“PPR”) design and testing, Internal Short Circuit (“ISC”) trigger cells, Fractional Thermal Runaway Calorimeter (“FTRC”) testing and an AI-powered CellCheck battery management system.

About KULR Technology Group Inc. 

KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com

Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Investor Relations:
Tom Colton or John Yi 
Gateway Group
Main: (949) 574-3860 
[email protected]

Media Relations:

Robert Collins / Zach Kadletz / Anna Rutter 
Gateway Group
Main: (949) 574-3860 
[email protected]



Posted on

Max Out Your PC Gaming Performance With Roccat’s Stunning Vulcan II Max Optical Keyboard & Syn Max Air Wireless 3d Audio Headset

Max Out Your PC Gaming Performance With Roccat’s Stunning Vulcan II Max Optical Keyboard & Syn Max Air Wireless 3d Audio Headset

The World’s Most Beautiful Keyboard, the Vulcan II Max Combines the Performance, Speed, and Functionality of ROCCAT’s TITAN II Optical Switches and World’s First Dual LED Smart Keys with the Brand’s Award-Winning Keyboard Design

The Syn Max Air Combines Best-in-Class Audio, Supreme Comfort, and Patented Gaming Audio Features Engineered by Turtle Beach with ROCCAT’s Sleek Headset Design & Docking Station that Showcase RGB Lighting Like No Other

WHITE PLAINS, N.Y.–(BUSINESS WIRE)–
PC gamers looking to max out their setup with maximum performance and impressive RGB lighting need look no further than the all-new Vulcan II Max keyboard and Syn Max Air headset from ROCCAT, Turtle Beach Corporation’s (Nasdaq: HEAR) PC gaming peripherals brand.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220927005531/en/

Max Out Your PC Gaming Performance With ROCCAT’s Stunning Vulcan II Max Optical Keyboard & Syn Max Air Wireless 3d Audio Headset (Photo: Business Wire)

Max Out Your PC Gaming Performance With ROCCAT’s Stunning Vulcan II Max Optical Keyboard & Syn Max Air Wireless 3d Audio Headset (Photo: Business Wire)

ROCCAT’s award-winning Vulcan design has wowed fans since the line debuted, and the stunning Vulcan II Max redefines the category. Featuring ROCCAT’s ridiculously fast TITAN II Optical Switches and world’s first Dual LED Smart Keys, the Vulcan II Max combines performance and functionality with a look all its own and sure to be the crown jewel of any desktop gaming setup.

Also unveiled today is ROCCAT’s flagship Syn Max Air – a PC gaming headset that sits atop the brand’s headset line as its new premium wireless offering. The Syn Max Air leverages decades of award-winning audio engineering experience from Turtle Beach, delivering immersive Waves 3D surround sound through powerful 50mm Nanoclear™ speakers, and exclusive features like Superhuman Hearing® for a competitive advantage. With translucent earcups that showcase RGB lighting like no other, the Syn Max Air melds ROCCAT’s signature style with wireless freedom and a rapid-charge docking station.

The Vulcan II Max and Syn Max Air are available for pre-order today at www.roccat.com and participating retailers worldwide for MSRPs of $229.99 and $249.99, respectively. The Vulcan II Max launches October 17, 2022, and the Syn Max Air will be available one week sooner on October 10, 2022.

“ROCCAT’s new Max range shows our commitment to creating the very best PC gaming peripherals on the market with zero compromises,” said René Korte, ROCCAT Founder and General Manager of PC Peripherals at Turtle Beach. “The Vulcan II Max is the evolution of our most popular keyboard ever and quite possibly the most beautiful keyboard ever made, and the Syn Max Air combines the best of both ROCCAT and Turtle Beach’s leading technologies to deliver premium game audio in our sleek design. Both products feature amazing RGB lighting you won’t find anywhere else.”

Vulcan II Max

The most beautiful keyboard ever made has arrived. The crown jewel of any PC gamer’s desktop, the Vulcan II Max PC gaming keyboard is sure to grab attention with its sleek lines, aluminum plate, and brilliantly lit translucent palm rest. The Vulcan II Max features ROCCAT’s exclusive TITAN II Optical-Mechanical Switches which have a smooth mechanical feel, hyper fast actuation, and incredible durability with a 100 million click life cycle – offering a competitive edge game after game. Beyond ridiculously fast actuation speed and performance, ROCCAT’s new TITAN II switches are compatible with many third party cross shaped mount keycaps to further customize their look.

ROCCAT’s Vulcan II Max is also the world’s second gaming keyboard to debut Dual-LED Smart Keys, only preceded by its Vulcan II Mini sibling. The Vulcan II Max features 24 multi-function smart keys with a dedicated second LED to indicate when secondary functions are active. Additionally, PC gamers can use ROCCAT’s Easy-Shift[+]™ button duplicator technology to unlock a secondary function, which can be programmed into near limitless options. With 4MB of onboard storage, PC gamers can take their RGB lighting show and settings on the road by saving up to four profiles of custom lighting, key reassignment and more, directly on the Vulcan II Max. Additional fan-favorite Vulcan elements also return, such as the anodized aluminum plate for durable structural integrity, and dedicated media controls. The all-new soft, translucent palm rest sets the stage for ROCCAT’s AIMO lighting technology. AIMO produces vibrant RGB lighting displays right out of the box, and syncs with other compatible AIMO-enabled products for an immersive lighting display.

For the ultimate RGB lighting setup, ROCCAT fans can combine the Vulcan II Max keyboard with ROCCAT’s top-ratedKone XP Air wireless mouse, and all-new Syn Max Air wireless head. All three are AIMO-compatible and will put on an alluring RGB lighting experience synchronized across all three peripherals.

Syn Max Air

ROCCAT’s Syn Max Air headset delivers a premium wireless 3D audio experience perfect for gamers and streamers who love high-quality game audio and unique RGB-infused style. The Syn Max Air’s premium sound is engineered by gaming headset maker Turtle Beach, and includes the best-selling brand’s exclusive, patented technologies and features.

Immersive Waves 3D audio is delivered through the Syn Max Air’s large and powerful 50mm Nanoclear™ speakers, and crystal-clear chat comes through the Syn Max Air’s unique TruSpeak™ noise-cancelling microphone – the only one in its class offering noise-cancellation, flip-to-mute functionality, or the option to be completely removed which is great for streamers. The Syn Max Air includes a variety of audio presets, as well as Turtle Beach’s exclusive and patented Superhuman Hearing® sound setting which boosts critical in-game sounds for a competitive advantage. For added comfort, the Syn Max Air features Turtle Beach’s exclusive ProSpecs™ glasses-friendly and cooling gel-infused memory foam ear cushions.

Engineered to provide gamers with every possible convenience, the Syn Max Air adds an RGB rapid-charge docking station where just 15-minutes of charge provides three hours of play, plus premium aluminum yokes for added durability, Bluetooth® 5.1 and dual-wireless functionality for connecting to more devices, and up to 16-hours of battery life.

ROCCAT’s signature sleek, RGB-inspired design stands out on the Syn Max Air. Up to 16.8 million colors of RGB lighting showcase on both the headset’s translucent Bionic Shell earcups and the docking station, and the lighting can be synchronized with other AIMO-enabled devices using ROCCAT’s robust Swarm software suite. ROCCAT’s Stellar Wireless technology manages the Syn Max Air’s signal strength and battery consumption for optimal performance, while dual-wireless connectivity means PC gamers can also chat on Discord, take calls, and listen to music via Bluetooth while gaming.

The Syn Max Air also includes intuitive on-ear audio controls for easy sound adjustment on the fly that can be customized using the included Swarm software. The Syn Max Air is a robust yet lightweight wireless PC gaming headset weighing in at 326g. The earcups also fold-flat when it’s time for a break.

For more information on the latest ROCCAT PC gaming products and accessories, visit ROCCAT.com and be sure to follow ROCCAT on Twitter, Instagram, Facebook, and YouTube.

About Turtle Beach Corporation

Turtle Beach Corporation (corp.turtlebeach.com) is one of the world’s leading gaming accessory providers. The Company’s namesake Turtle Beach brand (www.turtlebeach.com) is known for designing high-quality, comfort-driven headsets for all gamers. Innovation, first-to-market features, a broad range of products for every type of gamer, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. In 2021, Turtle Beach expanded the best-selling brand beyond headsets and successfully launched the first of its groundbreaking game controllers and gaming simulation accessories. Turtle Beach’s ROCCAT brand (www.roccat.com) combines detail-loving German innovation with a genuine passion for designing the best PC gaming products, including award-winning keyboards, mice, headsets, mousepads, and other PC accessories. Turtle Beach’s Neat Microphones brand (www.neatmic.com) creates high-quality USB and analog microphones for gamers, streamers, professionals and students that embrace cutting-edge technology and design. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements

This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “goal”, “project”, “intend” and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management’s current beliefs and expectations, as well as assumptions made by, and information currently available to, management.

While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to logistic and supply chain challenges, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company’s other periodic reports filed with the Securities and Exchange Commission. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.

All trademarks are the property of their respective owners.

North America

Eric Nielsen

Step 3 Public Relations

202.276.5357

[email protected]

MacLean Marshall

Sr. Director, Communications

& Brand Marketing

Turtle Beach Corporation

858.914.5093

[email protected]

Investor Information:

Cody Slach or Alex Thompson

Gateway Investor Relations

949.574.3860

[email protected]

Europe

Keith Hennessey

Sr. Director, Communications &

Partnerships – International

Turtle Beach

+44 (0) 1256 678350

[email protected]

KEYWORDS: Germany Europe United States North America New York

INDUSTRY KEYWORDS: Entertainment Consumer Electronics Technology Audio/Video Electronic Games Hardware

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Max Out Your PC Gaming Performance With ROCCAT’s Stunning Vulcan II Max Optical Keyboard & Syn Max Air Wireless 3d Audio Headset (Photo: Business Wire)
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The World’s Most Beautiful Keyboard, the Vulcan II Max Combines the Performance, Speed, and Functionality of ROCCAT’s TITAN II Optical Switches and World’s First Dual LED Smart Keys with the Brand’s Award-Winning Keyboard Design (Photo: Business Wire)
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The Syn Max Air Combines Best-in-Class Audio, Supreme Comfort, and Patented Gaming Audio Features Engineered by Turtle Beach with ROCCAT’s Sleek Headset Design & Docking Station that Showcase RGB Lighting Like No Other (Photo: Business Wire)
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Iron Spark I Inc. Announces Quarterly Cash Dividend

Iron Spark I Inc. Announces Quarterly Cash Dividend

NEW YORK–(BUSINESS WIRE)–
Iron Spark I Inc. (NASDAQ Capital Market: ISAA) (“Iron Spark” or the “Company”), a special purpose acquisition company, today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share to holders of its Class A Common Stock that was authorized on September 26, 2022. The dividend will be payable October 14, 2022 to stockholders of record on October 7, 2022.

About Iron Spark I Inc.

Iron Spark I Inc. is a newly incorporated blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region our target operates in, it is our intention to pursue prospective targets that are consumer brands. The Company will pay a quarterly dividend of $0.05 per outstanding share of Class A common stock.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the Company’s initial public offering and search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Olivia Defechereux Dejah

[email protected]

125 N Cache St

Jackson, Wyoming 83001

Telephone: (307) 200-9007

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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NETGEAR Introduces New WiFi 6 and 6E Access Points and Services Designed Exclusively for the Residential Installer Market

NETGEAR Introduces New WiFi 6 and 6E Access Points and Services Designed Exclusively for the Residential Installer Market

DALLAS–(BUSINESS WIRE)–CEDIA Expo (Booth 7008) –– Today at the CEDIA Expo, NETGEAR®, Inc. (NASDAQ: NTGR), the leading provider of networking products for the AV industry, announced the launch of two new powerful access points (WAX628 and WAX638E) tailored specifically for the residential custom integration market. Sold exclusively through authorized integrators and custom installers these access points are bundled with four years of both NETGEAR Insight and the company’s ProSupport services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220927005425/en/

New NETGEAR WAX628 and WAX638E WiFi 6 and 6E access points and services designed specifically for the residential installer market. (Photo: Business Wire)

New NETGEAR WAX628 and WAX638E WiFi 6 and 6E access points and services designed specifically for the residential installer market. (Photo: Business Wire)

High quality wired and wireless networking products form the backbone of a smart home. Building upon an existing portfolio of products designed with residential projects and challenges in mind, NETGEAR developed its latest offerings to help integrators and installers continue to delight their residential clients. These new access points for the residential market include white-glove design and ProSupport services, as well as NETGEAR Insight – a comprehensive cloud-based management platform that enables installers to remotely manage their customer’s network from a tablet, smart phone, or laptop.

Benefits to Residential Installers

Working with NETGEAR, integrators and custom installers benefit from the company’s more than 25 years of networking innovation and technology leadership. Furthermore, integrators and custom installers can get access to network planning, design and post-sales support services provided by a team of Ethernet and WiFi experts.

“With this new, unmatched offering, we’re doubling down on our efforts to empower the custom integration market and set them up for success so they can focus on providing the best service to their clients,” said Doug Cheung, director of Product Line Management, SMB Wireless at NETGEAR.

Award-winning WiFi

  • Dual-band (WAX628) and Tri-band (WAX638E) WiFi 6 and 6E access points – Lightning fast, cost-effective WiFi access points offer speeds1 up to 5.4Gbps for WAX628 and up to 7.8 Gbps for WAX638E.
  • Robust WiFi 6 and 6E security – Enterprise grade security features enable safe access and secure sub-networks with SSIDs and VLANs – all configured and managed via NETGEAR Insight.
  • Mesh capability – Extends the reach of the WiFi network over greater distances without the need for Ethernet wiring to areas unreachable by cables.
  • Backwards compatible – All previous generation WiFi endpoints can connect and take advantage of the superior coverage area.
  • 100% more throughput – WiFi 6 Release 2 technology features the use of a 160 MHz channel which in turn results in 100% more throughput than offered by WiFi 6 Release 1 (80 MHz).
  • Multi-Gigabit Speed with PoE – Includes a 2.5 Gbps Ethernet port for creating a non-blocking connection to a PoE++ switch. Ideal NETGEAR switches to power WAX628 and WAX638E are the MS510TXM, MS510TXUP.

Both the WAX628 (available now) and the WAX638E (available soon) come bundled with four years of NETGEAR Insight for remote management and four years of ProSupport, which provides expert guidance to help with access point placement, AV and WiFi network design, and more. They are available exclusively through authorized NETGEAR integrators and custom installers. For more information on the full NETGEAR ecosystem targeting the residential custom integration market, visit www.netgear.com/residential.

More to Show

During CEDIA, NETGEAR’s booth will feature live demonstrations of NETGEAR Insight remote management solution.

NETGEAR experts will offer two Manufacturer’s Training classes as described below. Registration is required to attend:

Thursday, September 29, 9:00 – 10:30 a.m., Room: C147

Designing Networks and Configuring NETGEAR Switches for AV over IP

Thursday, September 29, 1:00 – 2:30 p.m.,Room: C144

NETGEAR Insight for Luxury Homes: A Service Based Partnership with Custom Installers

About NETGEAR, Inc.

NETGEAR® (NASDAQ: NTGR) has pioneered advanced networking technologies for homes, businesses, and service providers around the world since 1996 and leads the industry with a broad range of award-winning products designed to simplify and improve people’s lives. By enabling people to collaborate and connect to a world of information and entertainment, NETGEAR is dedicated to delivering innovative and advanced connected solutions ranging from mobile and cloud-based services for enhanced control and security, to smart networking products, video over Ethernet for Pro AV applications, easy-to-use WiFi solutions and performance gaming routers to enhance online game play. The company is headquartered out of San Jose, Calif. with offices located around the globe. More information is available from the NETGEAR Press Roomor by calling (408) 907-8000. Connect with NETGEAR: Twitter, Facebook, Instagramand the NETGEAR blogat NETGEAR.com.

©2022 NETGEAR, Inc. NETGEAR and the NETGEAR logo are trademarks and/or registered trademarks of NETGEAR, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved.

Source: NETGEAR-G

U.S. Media Contact:

[email protected]

[email protected]

U.S. Sales Inquiries:(408) 907-8000, [email protected]

KEYWORDS: California Texas United States North America

INDUSTRY KEYWORDS: Networks Internet Hardware Mobile/Wireless Technology

MEDIA:

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New NETGEAR WAX628 and WAX638E WiFi 6 and 6E access points and services designed specifically for the residential installer market. (Photo: Business Wire)
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Loop Media, Inc. Expands Distribution and Content With New “HyperLoop” Viral Video and Action Sports Channel on SONIFI, Four Music Video Channels on Peacock, and the Debut of “TriviaLoop” in All Out-of-Home Venues Using the Loop for Business Service

Loop Media, Inc. Expands Distribution and Content With New “HyperLoop” Viral Video and Action Sports Channel on SONIFI, Four Music Video Channels on Peacock, and the Debut of “TriviaLoop” in All Out-of-Home Venues Using the Loop for Business Service

GLENDALE, Calif.–(BUSINESS WIRE)–
Loop Media, Inc. (“Loop Media” or “Loop”) (NYSE American: LPTV), a leading multichannel streaming platform that provides curated music video and branded entertainment channels for businesses and consumers, today announced both expanded distribution to NBC Universal’s Peacock streaming service, and new channels for its SONIFI in-room partnership and its Loop for Business service.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220927005480/en/

Loop’s popular new channel “HyperLoop,” released earlier this year, is now available in more than 400,000 hotel rooms across the United States through its partnership with SONIFI, making it one of Loop’s fastest growing out-of-home (OOH) channels. “HyperLoop” combines content from the most relevant, premium sources in viral and action sports videos and features unique editing techniques and compelling music, making the channel impossible to turn off.

“HyperLoop” is already available in Loop’s OOH locations in restaurants, bars, and retail stores, and can now also be seen in over 400,000 hotel rooms across national and enterprise hotel brand chains in the United States. “Loop Media’s wide variety of content means “HyperLoop” has something for everyone,” said Jennifer Leslie, SONIFI’s Senior Vice President of Content and Advertising. “We’re excited to provide this channel to enhance guests’ in-room experiences and entertainment options.”

Loop also announced that earlier this year they began producing four new music video channels for Peacock, NBC Universal’s streaming service and one of Loop’s newest distribution partners. Peacock’s audience now has access to music video channels designed and programmed by Loop dedicated to Country, Pop, Latin and Classics.

Topping off its newest offerings, Loop has launched as “TriviaLoop”, a set of new channels available on the Loop Player. “TriviaLoop” channels feature non-stop around-the-clock multiple-choice quizzes in eight different categories, including Music, Sports, TV and Films, History, Science and Nature, Art and Literature, Geography and Wild Card. “We designed “TriviaLoop” to be optimized for our out-of-home service,” said Greg Drebin, Chief Content Officer of Loop Media Studios. “’TriviaLoop’ is yet another great way for our business clients to offer their customers a unique, engaging and interactive new form of in-venue entertainment.” “TriviaLoop” as well as the “TriviaLoop All Sports” channel and the “TriviaLoop All Music” channel are now available on the Loop for Business service.

About Loop Media

Loop Media, Inc. (“Loop Media”) (NYSE American: LPTV) is a leading multichannel streaming platform that provides curated music video and branded entertainment channels for businesses. Through its proprietary “Loop Player” for businesses, Loop Media is a leading company in the U.S. licensed to stream music videos directly to venues out-of-home (“OOH”).

Loop Media’s digital video content reaches millions of consumers in OOH locations including bars/restaurants, office buildings, retail businesses, and on free ad-supported TV platforms like Roku and at local gas stations on GSTV terminals and in 400,000 hotel rooms in over 1300 hotels in the United States.

Loop is fueled by one of the largest and most important libraries that includes music videos, movie trailers and live performances. Loop Media’s non-music channels cover a multitude of genres and moods and include movie trailers, sports highlights, lifestyle and travel videos, viral videos and more. Loop Media’s streaming services generate revenue from advertising, sponsorships, integrated marketing and branded content from free-ad-supported-television (“FAST”) and from subscription offerings.

To learn more about Loop Media products and applications, please visit us online at Loop.tv

Follow us on social:

Instagram: @loopforbusiness

Twitter: @loopforbusiness

LinkedIn: https://www.linkedin.com/company/looptv/

Safe Harbor Statement and Disclaimer

This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, Loop Media’s ability to compete in the highly competitive markets in which it operates, statements regarding Loop Media’s ability to develop talent and attract future talent, the success of strategic actions Loop Media is taking, and the impact of strategic transactions. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Loop Media believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. Loop Media takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by Loop Media. Loop Media’s SEC filings are available at www.sec.gov.

Loop Media Press Contact

Jon Lindsay Phillips

[email protected]

Loop Media Investor Contact

Sean Mansouri, CFA | Elevate IR

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Software Networks Online Entertainment Sports Internet Technology Other Sports TV and Radio Music Audio/Video Electronic Games

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Affordable Midwest and East Coast Markets Are Holding Up Best as the U.S. Housing Market Cools

Affordable Midwest and East Coast Markets Are Holding Up Best as the U.S. Housing Market Cools

Redfin reports Chicago, Albany and Milwaukee are among the housing markets holding up better than others as the U.S. faces high mortgage rates and an uncertain economy

SEATTLE–(BUSINESS WIRE)–
(NASDAQ: RDFN) — Housing markets in relatively affordable Midwest and East Coast metro areas are holding up better than anywhere else in the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Lake County, IL—located about 45 miles north of Chicago—is holding up better than any other metro in this analysis. It’s followed by Albany, NY and Chicago. Rounding out the top 10 are New Haven, CT; Milwaukee; New Brunswick, NJ; Elgin, IL; Bridgeport, CT; Pittsburgh and El Paso, TX.

Nine of the 10 housing markets holding up best are located either in the Midwest or on the East Coast. The typical home in eight of the 10 markets costs less than the national median sale price of $407,000; New Brunswick ($480,000) and Bridgeport ($590,000) are the exceptions.

“Homes in places like Chicago and Milwaukee certainly got more expensive during the pandemic homebuying boom, but they’re still affordable compared with the rest of the country,” said Redfin Senior Economist Sheharyar Bokhari. “They’re slow to feel the impacts of economic headwinds like inflation and the Fed raising interest rates because the relatively affordable home prices make them attractive to house hunters seeking deals, and homes are already priced low enough that there’s not much room to fall. These markets don’t have much volatility.”

The lower the home price, the lower the dollar impact on monthly mortgage payments. With today’s 6% mortgage rates, the typical monthly payment on a $310,000 home—Chicago’s median sale price—is $2,000. That’s up from about $1,600 with the 3% rates common at the beginning of the year—a sizeable increase, but smaller than the $1,100 monthly-payment uptick on the typical home in Seattle, where the housing market is cooling quicker than any other U.S. metro.

On the other end of the spectrum, almost all of the housing markets cooling fastest are West Coast metros that have long been expensive or pandemic migration hotspots that went from affordable to not-so-affordable over the last two years.

In places like Illinois and upstate New York, homebuyer demand is almost as strong as earlier in the year

Measures of homebuyer demand and competition are nearly as strong as they were in the beginning of the year in the housing markets cooling slowest.

In Lake County, where the typical home sells for about $315,000, about 36% fewer homes sold within two weeks in August than a year earlier, similar to the 43% year-over-year decline in February. The median price per square foot was up 9% from a year earlier in August, smaller than the 16% annual gain in February but still significant. Those numbers indicate that homebuyers are in a similar position as they were earlier in the year, with homes selling at a similar pace and prices holding relatively steady.

In neighboring Chicago, roughly 40% fewer homes sold within two weeks in August than a year earlier, about the same as the year-over-year decline in February. And there were about 6% fewer price drops in August than a year earlier, with 23% of home sellers dropping their price in August, down from 29% a year earlier. That’s similar to the 7% year-over-year decline in February (8% of sellers dropped their price that month, down from 15% a year earlier).

“There are still plenty of buyers looking for homes; many of them are people who didn’t stand a chance in last year’s competitive market but are relieved to see lower prices and fewer bidding wars,” said Chicago Redfin agent Ashley Arzer. “They’re willing to purchase a home despite rising rates because they finally have a window of opportunity to get an offer accepted. There are also a fair amount of sellers who want to list their home before a potential economic downturn.”

“Still, deals are more likely to fall through than last year,” Arzer continued. “Some sellers expect to sell their home for the same price that their neighbor got in the spring, and they may not accept lower offers. And buyers are more willing to walk away if they run into a problem during the inspection period because their financial commitment is bigger due to high rates.”

U.S. Housing Markets Cooling Slowest, August 2022

The rankings in this report are based on changes in year-over-year housing-market stats from February 2022 to August 2022. The markets ranked here are those that cooled slowest during that time period.

Rank

U.S. metro

Area

Median

sale price

Change in

PPSF, YoY

Change in

inventory, YoY

Change in

price drops, YoY

Change in

pending sales, YoY

Change in

sale-to-list ratio, YoY

Change in

share of homes

off market in two weeks, YoY

1

Lake County, IL

$315,000

-6.8 pts.

-29.7 pts.

-3.3 pts.

30.8 pts.

-0.8 pts.

6.8 pts.

2

Albany, NY

$305,000

16.3 pts.

0 pts.

4.6 pts.

5.3 pts.

-1.1 pts.

-5.3 pts.

3

Chicago, IL

$310,000

-6.2 pts.

-28.6 pts.

1.2 pts.

33.4 pts.

-1.3 pts.

-1.9 pts.

4

New Haven, CT

$320,000

-2.2 pts.

0.7 pts.

3.5 pts.

0.3 pts.

-1.1 pts.

-7.2 pts.

5

Milwaukee, WI

$289,900

-2.5 pts.

-30.3 pts.

-8.3 pts.

-21.2 pts.

-1.1 pts.

0.8 pts.

6 (tie)

New Brunswick, NJ

$479,750

-2.9 pts.

-9.4 pts.

5 pts.

4.7 pts.

-2.3 pts.

-1.6 pts.

6 (tie)

Elgin, IL

$309,950

-3.9 pts.

-55.4 pts.

3.8 pts.

28.9 pts.

-2.3 pts.

-7.9 pts.

8

Bridgeport, CT

$590,000

7 pts.

3.3 pts.

5.5 pts.

-9.5 pts.

-0.5 pts.

-10.3 pts.

9

Pittsburgh, PA

$225,250

-0.3 pts.

-4.9 pts.

3.7 pts.

-26.2 pts.

-1.3 pts.

2.4 pts.

10

El Paso, TX

$240,000

-0.6 pts.

32.9 pts.

7.7 pts.

10.9 pts.

-1.4 pts.

-4.6 pts.

11

Rochester, NY

$215,000

-2.6 pts.

-0.7 pts.

5.7 pts.

-11.9 pts.

-2 pts.

0.4 pts.

12 (tie)

Detroit, MI

$188,000

-2.4 pts.

-2.4 pts.

6.7 pts.

5.2 pts.

-2.2 pts.

-13 pts.

12 (tie)

Newark, NJ

$526,635

1.9 pts.

4.8 pts.

1.6 pts.

-16.5 pts.

-0.9 pts.

-13.2 pts.

12 (tie)

Cincinnati, OH

$260,600

-1.8 pts.

-0.9 pts.

6 pts.

-12 pts.

-2.3 pts.

-3.1 pts.

15

Camden, NJ

$305,000

-5.4 pts.

-7.3 pts.

11.3 pts.

-4.3 pts.

-1.4 pts.

-5.8 pts.

16

Akron, OH

$210,000

1.2 pts.

-5.3 pts.

11.2 pts.

-1.4 pts.

-2.3 pts.

-10.4 pts.

17

Baltimore, MD

$365,000

-3.3 pts.

-10.3 pts.

6.2 pts.

-17.4 pts.

-1.3 pts.

-9.3 pts.

18

Hartford, CT

$310,000

-3.9 pts.

-1 pts.

3.9 pts.

-17.6 pts.

-1.6 pts.

-7.2 pts.

19

Virginia Beach, VA

$312,559

-2.7 pts.

3.3 pts.

-3.1 pts.

-18.2 pts.

-1.9 pts.

-9.3 pts.

20

Buffalo, NY

$240,000

-8 pts.

3.6 pts.

8 pts.

5.4 pts.

-2 pts.

-3.4 pts.

To view the full report, including methodology, please visit: https://www.redfin.com/news/housing-markets-holding-up-best-2022

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country’s #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.

Redfin Journalist Services:

Ally Braun, 206-588-6863

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Residential Building & Real Estate Banking Construction & Property Professional Services Women Public Relations/Investor Relations Communications Men Family Fintech Consumer

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ICE and Confluence to Offer Integrated ESG Solution for Enhanced SFDR Compliance Reporting

ICE and Confluence to Offer Integrated ESG Solution for Enhanced SFDR Compliance Reporting

ATLANTA & LONDON–(BUSINESS WIRE)–
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Confluence, a global leader in analytics and regulatory compliance reporting solutions for the investment management industry, announced that Confluence will leverage ICE’s Environmental, Social and Governance (ESG) data as part of its ESG Sustainable Finance Disclosure Regulation (SFDR) solution, bringing clients a single service that is designed to reduce the time and money needed to comply with this regulation.

The combination of Confluence’s ESG Solutions and ICE’s SFDR data equips asset managers with a comprehensive compliance reporting solution to help manage and meet regulatory requirements. ICE’s data solution, part of its broader ESG data set, offers updated, granular values and event-triggered updates for the Principal Adverse Indicators (PAI) on equity securities and more than 1.4 million fixed income securities of over 16,000 distinct corporate and sovereign entities.

“We are pleased to continue to work with Confluence to bring our ESG data together with their software to provide an integrated offering for customers,” said Anthony Belcher, VP, Sustainable Finance at ICE. “This seamless combination brings front-to-back office ESG performance analytics and compliance reporting to the investment management industry, helping customers address complex regulatory requirements without the need to spend time and money integrating data with a reporting solution.”

“With increasing demands for ESG data and insights, Confluence ESG Solutions integrated with ICE ESG data are uniquely positioned to offer greater ESG portfolio insights and help clients meet regulatory compliance requirements,” said Damian Handzy, Managing Director of Performance, Risk and Analytics at Confluence. “We are excited about this partnership for the operational efficiency gains in front-to-back offices it can bring to our asset manager and asset servicer clients.”

This announcement follows ICE and Confluence’s previous agreement to help firms meet SEC modernization reporting requirements in 2018.

ICE solutions help customers meet various finance regulatory requirements across geographies and asset classes. To learn more, please visit: https://www.ice.com/market-data/regulation/esg-support.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.

SOURCE: Intercontinental Exchange

ICE-CORP

ICE Media Contact:

Damon Leavell

[email protected]

(212) 323-8587

[email protected]

ICE Investor Contact:

Katia Gonzalez

[email protected]

(678) 981-3882

[email protected]

KEYWORDS: Georgia Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Software Networks Professional Services Fintech Data Management Apps/Applications Technology Data Analytics Other Professional Services Finance Other Technology Environmental, Social and Governance (ESG)

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